Tinubu set to announce new minimum wage

Indications have emerged that President Bola Tinubu may announce the new minimum wage on May 1, in commemoration of the International Labour Day and backdate its implementation to April. It was gathered that the National Minimum Wage Committee was working to ensure that all negotiations regarding the new rate were finalised before then, with the expectation that the President would announce the new minimum wage in his Workers’ Day address. A member of the committee, who spoke on condition of anonymity because of the sensitive nature of the issue, said,…

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Naira rebounds, exchanges N1, 382/dollar

​The nation’s currency, Naira, is making a steady and sustained gain against the dollar in the last one week, closing at N1, 382 to a dollar at the official market on Friday. The Naira gain came a day after the local currency recorded major gains at both the official and parallel foreign exchange markets. It closed at the black market at N1, 400/dollar on Wednesday. The summary of the FX trading auction revealed that naira appreciated by 1.3 percent following increased dollar supply at the Nigerian Autonomous Foreign Exchange Market,…

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Sokoto: Army rescues 17 abducted Almajiri kids

The Nigerian Army, in collaboration with the Office of the National Security Adviser, has rescued the 17 Almajiri kids, abducted two weeks ago by terrorists in Gada local government, headquarters of Gada local government area of Sokoto State. Garrison Commander of the 8 Division of the Nigerian Army Sokoto, Gen. Amos Tawasimi, presented the rescued Almajiri kids and woman, to the Sokoto State Governor, Dr Ahmed Aliyu Sokoto. Speaking at a brief occasion to receive the rescued victims, Governor Aliyu commended the Military and the office of the National Security…

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​“Nigeria now killing field under Tinubu” – Atiku

Former Vice-President, Atiku Abubakar, has lamented the perennial violent attacks and wanton killings across the country. This is as he decried the recent attack that claimed the live of a village head and other residents of Rafi Local Government Area (LGA) of Niger State. Recall that at least 21 people, including the village Head, lost their lives on Thursday afternoon when bandits in their numbers reportedly invaded a market in Madaka, an agrarian community in Rafi LGA. According to residents, the attackers raided the market around 3pm when the commercial…

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Nigeria’s public debt hits N97tr in December 2023 – DMO

The Debt Management Office, (DMO) has announced that Nigeria’s public debt stock as of 31 December 2023 is N97.341 trillion ($108.229 bn). The agency, which made the announcement  on Friday, noted that the amount comprised domestic and external debt stocks of the Federal Government, the 36 state governments and the Federal Capital Territory (FCT), added that the new figure shows an increase of N9.43 trillion over the comparative figure for 30 September 2023. This was largely because of the new domestic borrowing by the federal government to part-finance the deficit…

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​“Beware of scammers posing as officers”, NDLEA warns Nigerians

The National Drug Law Enforcement Agency, (NDLEA), has warned the public, particularly those with relatives abroad, about a new fraudulent scheme being orchestrated by impersonators posing as its officers. This was made known in a statement by the Agency’s Director of Media and Advocacy, Femi Babafemi, shared on the agency’s website yesterday. The statement read in part: “The National Drug Law Enforcement Agency wishes to alert members of the public, especially those who have loved ones abroad to a new scheme by scammers who impersonate NDLEA officers and call unsuspecting…

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Rivers: “LG Chairmen’s tenure extension, legislative rascality, coup against democracy” — Ugochinyere

The amendment of Sections of the Law No. 5 of 2018 extending the tenure of elected Local Government chairmen in Rivers State by the Martin Amaehwule-led House of Assembly has been condemned by the spokesperson of Coalition of Opposition Lawmakers, Hon. Ikenga Imo Ugochinyere. Ugochinyere, who represents Ideato North/South Federal Constituency of Imo State in the House of Representatives, in a statement issued in Abuja on Friday, described the purported override of Governor Siminalayi Fubara’s veto by the State House of Assembly just a few days after it purportedly amended…

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Defence HQ declares Bello Turji, Simon Ekpa, 95 others ‘wanted’

The Nigerian Defence Headquarters has declared no fewer than 97 persons wanted, following the deteriorating security situation across the country. This was made known by the Director, Defence Media Operations, Maj.-Gen. Edward Buba, who confirmed the names and pictures  of the wanted persons on Friday. Those wanted by the military include terrorists, bandit leaders and other insurgents causing mayhem in the North and other parts of Nigeria.  ​The long list contained names of terrorists from the North-East and North-West zones, as well as insurgents in the South-East and North-Central. Also wanted…

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